Stock Analysis: Broadcom Inc (AVGO)

Stock Analysis for Broadcom Inc (AVGO)

The Interpreter
Hey Friend, I'm analysing BROADCOM INC (AVGO), and it is between the Support of $ 1,330.19 (150% of Fibonacci) and the Resistance of $ 1,348.94 (Pivot). The stock is falling and may come close and reach $ 1,330.19 soon.

Broadcom Inc (AVGO)

$ 1,258.99 -1.8%

Last Close 18-Apr-24

Trade AVGO Now

Supports

Next Support: $ 1,330.19

Pivot S1: $ 1,293.90
Fibonacci 150%: $ 1,330.19
Triangle Level (1): $ 977.92

Resistances

Next Resistance: $ 1,348.94

Pivot: $ 1,348.94
Fibonacci 161.8%: $ 1,372.28
Triangle Level (1): $ 1,447.86

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 05 Mar 2024	Sell Price: 1,342.75	Loss: Close Day2 ($ 1,407.01)	Abandoned Baby	Sell
002 18 Jan 2024	Buy Price: 1,143.91	Profit: Open Day1 ($ 1,157.31)	Abandoned Baby	Buy
003 17 Jan 2024	Sell Price: 1,103.67	Loss: Close Day2 ($ 1,211.20)	Abandoned Baby	Sell
004 27 Dec 2023	Sell Price: 1,126.05	Profit: Close Day1 ($ 1,122.41)	Engulfing	Sell
005 27 Dec 2023	Sell Price: 1,126.17	Profit: Close Day1 ($ 1,122.41)	Dark Cloud Cover	Sell
006 06 Sep 2023	Buy Price: 872.27	Loss: Close Day2 ($ 857.55)	Abandoned Baby	Buy
007 24 Aug 2023	Sell Price: 855.25	Profit: Close Day1 ($ 851.82)	Engulfing	Sell
008 24 Aug 2023	Sell Price: 854.46	Profit: Close Day1 ($ 851.82)	Dark Cloud Cover	Sell
009 17 Jul 2023	Buy Price: 910.35	Loss: Close Day2 ($ 901.37)	Abandoned Baby	Buy
010 05 Jul 2023	Sell Price: 861.86	Profit: Open Day1 ($ 845.00)	Abandoned Baby	Sell
011One Year Average	Both Sides Result for 10 Signals	Loss: $ -151.76 ($ -15.18 / Signal) -14.9% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for AVGO Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	1,270.81	SELL	2	1,271.84	SELL
3	1,290.23	SELL	3	1,282.57	SELL
5	1,305.09	SELL	5	1,297.10	SELL
8	1,320.54	SELL	8	1,308.71	SELL
13	1,327.64	SELL	13	1,316.19	SELL
21	1,329.25	SELL	21	1,317.18	SELL
34	1,321.77	SELL	34	1,307.70	SELL
55	1,297.55	SELL	55	1,278.79	SELL
90	1,230.04	BUY	90	1,221.28	BUY
200	1,037.88	BUY	200	1,070.20	BUY

Company Info +

Name & IPO

Broadcom Inc
IPO: 2016-02-01

Stock Ticker & Exchange

Ticker: AVGOIndices: S&P 500, Nasdaq 100,
Exchange: Nasdaq Nms - Global Market (US - USD)

Contact

Website: https://www.broadcom.com
Phone:

Stock Type

Common Stock

SIC Office

Manufacturing ()

Industry

Semiconductors & Related Devices

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

	Year	2021	2017	2016
1	Assets +	75,570	54,418	27,829
2	Real Estate Investment Property +	195	177	0
3	Real Estate Investment Property +	195	177	0
4	Cash and Cash Equivalents +	12,163	11,204	3,097
5	Property +	2,348	2,599	0
6	Property +	5,544	4,092	0
7	Intangible Assets +	11,374	10,832	0
8	Finite-Lived Intangible Assets +	11,347	10,120	0
9	Liabilities and Equity +	75,570	54,418	21,876
10	Liabilities +	50,581	31,232	0
11	Stockholders' Equity +	24,962	23,186	21,876
12	Stockholders' Equity Attributable to Parent +	25,078	20,285	0
13	Stockholders' Equity +	3,737	0	0
14	Preferred Stock +	3,737	0	0
15	Common Stock +	0	0	0
16	Partners' Capital +	748	-129	0
17	Partners' Capital +	748	-129	0
18	Limited Liability Company (LLC) Members' Equity +	632	-220	0
19	Limited Liability Company (LLC) Members' Equity +	632	-220	0
20	Current Assets +	16,586	15,823	0
21	Current Receivables +	2,071	31	0
22	Inventory +	1,297	1,447	0
23	Current Prepaid Expense +	539	440	0
24	Long-Term Assets +	45,905	25,164	24,732
25	Current Liabilities +	6,281	2,529	0
26	Long-Term Other Undisclosed Liabilities	38,941	-9,998	0
27	Long-Term Liabilities +	44,300	28,703	0
28	Current Other Assets +	1,055	724	0
29	Total Current Assets +	16,586	15,823	0
30	Operating Lease +	588	0	0
31	Finance Lease +	643	0	0
32	Goodwill +	43,450	24,706	24,732
33	Long-Term Other Assets +	1,812	458	0
34	Total Assets +	75,570	54,418	0
35	Total Liabilities +	50,581	31,232	0
36	Stockholders' Equity Attributable to Noncontrolling Interest +	0	2,901	0
37	Total Stockholders' Equity +	24,962	23,186	21,876
38	Total Liabilities and Equity +	75,570	54,418	0

Income Statement +

in USD millions (if not decimal) - Dictionary

	Year	2021	2017	2016
1	Revenue from Contract with Customer +	27,450	0	0
2	Contract with Customer +	2,617	0	0
3	Revenue +	13,600	0	0
4	Total Revenues +	0	17,636	13,240
5	Total Cost of Goods and Services Sold +	0	-9,127	-7,300
6	Total Cost of Revenue +	-10,606	-9,127	0
7	Total Gross Profit +	16,844	8,509	5,940
8	Total Research and Development Expense +	4,854	3,292	2,674
9	Total Restructuring +	148	161	996
10	Total Selling-General and Administrative Expense +	1,347	787	806
11	Total Operating Expenses +	-8,325	-6,126	-6,349
12	Total Operating Income (Loss) +	8,519	2,383	-409
13	Gain (Loss) on Investments +	99	-1	0
14	Other Nonoperating Income +	26	43	27
15	Other Nonoperating Expense +	16	18	0
16	Total Other Nonoperating Income (Expense) +	131	62	10
17	Total Interest Expense +	1,885	454	585
18	Total Gain (Loss) on Extinguishment of Debt +	198	166	123
19	Total Income (Loss) from Continuing Operations before Equity Method Investments +	0	1,825	-1,107
20	Total Income (Loss) from Continuing Operations before Income Taxes +	6,765	1,825	-1,107
21	Income Tax Expense (Benefit) +	-29	-35	-642
22	Total Income (Loss) from Continuing Operations +	6,707	1,755	-2,391
23	Total Income (Loss) from Discontinued Operations +	0	-6	-112
24	Total Net Income (Loss) +	6,736	1,784	-1,861
25	Total Net Income (Loss) Attributable to Noncontrolling Interest +	0	-92	122
26	Total Net Income (Loss) Attributable to Parent +	0	1,692	-1,739
27	Preferred Stock Dividends +	299	0	0
28	Total Net Income (Loss) Available to Common Stockholders +	6,437	1,692	0
29	Income (Loss) from Continuing Operations +	6,736	1,790	-1,749
30	Income (Loss) from Continuing Operations +	0	1,882	-1,865
31	Total Income (Loss) from Continuing Operations +	0	3,580	-3,498
32	Income (Loss) from Discontinued Operations +	0	-6	-112
33	Income (Loss) from Discontinued Operations +	0	0	-118
34	Total Income (Loss) from Discontinued Operations +	0	-6	-106
35	Income (Loss) from Continuing Operations +	15.70	4.19	-4.46
36	Total Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations +	0	-0.01	-0.29
37	Total Earnings Per Share +	15.70	4.18	-4.75
38	Income (Loss) from Continuing Operations +	15.70	4.19	-4.46
39	Income (Loss) from Continuing Operations +	15	4.03	-4.57
40	Total Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations +	0	-0.01	-0.29
41	Total Earnings Per Share +	15	4.02	-4.86
42	Common Stock Dividends +	0	4.08	0
43	Common Stock Dividends +	14.40	8.16	1.94
44	Preferred Stock Dividends +	94.40	0	0

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.